After much pre-season hype and promise, the Victory's spluttering 2011-12 campaign never got off the ground and they will now almost certainly miss out on a finals spot for the first time in four years.

And Magilton, who replaced Mehmet Durakovic in January, stressed Victory had to act as soon as possible to revitalise their roster in what he described would be a 'natural turnover' of players.

"There's no doubt it's time now that we obviously have an opportunity to look at the roster and maybe change one or two faces," Magilton said at AAMI Park today.

"The chairman made a very good point the other night with regards to (who) Newcastle had in the 2008 Grand Final, their turnover was such that on Saturday, they had one player that played in that, we have nine who are still around.

"Whilst loyalty plays a great part in every football club, there has to be a natural turnover.

"It's an opportunity now to maybe make those changes, maybe to freshen the place up and maybe to freshen the roster up."

The Northern Irishman also said it was important the club were careful in their recruitment strategy and that prospective signings shared the same qualities as the players who took the Victory to ultimate success in 2007 and 2009.

"Certainly the people that you bring in have to have the same sort of character that was initially at this football club, perhaps, which brought them great success," Magilton said.

"We recognise what great people brought to the club so it's very important that the due diligence you bring on the new players coming in have that character and strength of resolve that is needed.

Magilton said new recruits would also need a level of 'open-mindedness', adding: "He's going to come and he's going to be coached and he's going to be developed and (have) a willingness to learn."

As for his own future at Victory, the interim boss maintained he would not get distracted by the speculation surrounding the club's top job and he would continue to act in the best interests of the organisation until he is told his time is up.

"People are getting probably caught up on that to a large extent," he said. "That hasn't changed so at the end of the day the record doesn't lie ...

"I'm going to go about my business as I'm constantly trying to do, I'm trying to do what I think is right behind the scenes to make sure my recommendations, whether taken or not, will be to just try and move the club forward as best as I can."

"If it doesn't transpire that it's me then hopefully someone else comes, can say 'There isn't an awful lot he could have done other than obviously win a few more games of football'."

But Magilton intimated he would have a battle on his hands to stay on as Victory's manager beyond this season.

He added: "I'm sure there are a number of people out there who'll want this job no doubt about that, as was the case when Mehmet got it."